6wresearch logo

Post Removal of International Sanctions- Iran Construction Equipment Market is All Set to Record Key Growth - Dubai Chronicle

March 12, 2016

Iran is one of the most potential and untapped markets in the Middle-East region. Iran market declined sharply during 2012-15 due to the imposition of the US Sanctions. These sanctions resulted in slowdown of the economy and devaluation of Iranian currency, which affected several construction projects in the country.

However, in 2016, the market is exhibited to regain its momentum on the back of removal of sanctions and expected investments inflow in the country. With these developments, the construction industry is likely to revive, which would create the demand for construction equipment.

According to 6Wresearch, Iran's Construction Equipment Market is anticipated to register 7.9% growth in the year 2016. Over the next six years, entry of international real estate players and expansion of public & private infrastructures is projected, which would fuel the market for construction equipment.

According to Prijo Samuel, Senior Research Analyst, Research and Consulting, 6Wresearch, "Excavator market captured major share of the market pie; however, its market share is expected to decline owing to rising demand for backhoe loaders in the country. Low price and removable attachment (bucket) option available have led for the growth of backhoe loader market.

"Additionally, investments and expansion in the mining industry in the forecast period would further boost the demand for loaders in the country. Metal and oil exploration activities over the next six years, would be the other key drivers for the Iran's construction equipment market," Prijo further added.

According to Shefali Goel, Research Analyst, Research and Consulting, 6Wresearch, "Although, amongst all industries, construction industry contributes major share in the market but mining industry would witness significant growth during the forecast period due to expected FDIs."

"Excavation & demolition and heavy lifting applications are the prime revenue generating applications in Iran's construction equipment market. In excavation application market, excavators accounted for large share, whereas in heavy lifting application loaders have led the market revenues," Shefali concluded.

"Iran Construction Equipment Market (2016-2022)" provides in-depth analysis with 89 figures and 24 tables covered in more than 130 pages. The report estimates and forecast overall Iran construction equipment market by revenue, by types, by industries, by region and by applications such as excavation & demolition, heavy lifting, and recycling and waste management. The report also gives the insights on competitive landscape, market share by companies, companies benchmarking, company profiles, market drivers and restraints.

Media Source: Dubai Chronicle

      Browse More Report

Global Gas Genset Market (2018-2024)

Market Forecast By KVA Ratings (Upto 100 KVA, 100.1-375 KVA, 375.1-1000 KVA and Above 1000 KVA), By Applications ((Residential, Industrial including Manufacturing and Production, Commercial (Offices, Museum, Hospitality, Retail, Education and Data Center)...

Read More

Thailand Diesel Genset Market (2018-2024)

Market Forecast By kVA Rating (5kVA - 75kVA, 75.1kVA - 375kVA, 375.1kVA - 750kVA, 750.1kVA - 1000kVA and Above 1000kVA), By Applications (Residential, Hospitality, Commercial, Healthcare, Retail, Manufacturing, Oil & Gas and Power Utilities, Infrastructure...

Read More

India Video Surveillance Analytics Software Market (2018-2024)

Market Forecast By Macro Applications (Traffic Surveillance, Building Surveillance, City Surveillance and Business Intelligence), By Micro Applications (Perimeter Intrusion Detection, Pattern Recognition, Counting & Crowd Management, Automatic License Plate Recognition...

Read More

India Gas Genset Market (2018-2024)

Market Forecast By Rating (Up to 100 kVA, 100.1 kVA - 375 kVA, 375.1 kVA - 1,000 kVA and Above 1,000 kVA), By Verticals (Industrial, Commercial and Residential), By Applications (Standby Power, Primary Power and Peak Shaving), By Regions...

Read More

India Air Conditioner Market (2018-2024)

Market Forecast By Types (Window AC, Split AC, Floor Standing, Cassette AC, Packaged, Ducted / Ceiling Concealed, Centralized (Chiller, VRF/VRV and AHU/FCU)), By Applications (Residential, Commercial Buildings & Retail, Government & Transportation, Hospitality and Others...

Read More

Saudi Arabia Industrial Valves Market (2018-2024)

Market Forecast By Types (Gate, Globe, Check, Ball and Others), By Functionality (On/Off and Control), By Applications (Oil & gas, Water & Wastewater, Chemical & Petrochemical, Power & Utility, Construction and Others), By Regions (Eastern, Western, Central and Southern)...

Read More

Cambodia Diesel Genset Market (2018-2024)

Market Forecast By KVA Rating (5 - 30 kVA, 30.1 - 75 KVA, 75.1 - 375 kVA, 375.1 - 750 kVA, 750.1 - 1000 kVA and Above 1000 kVA), By Applications (Residential, Hospitality, Commercial including Offices and BFSI & Datacenter, Healthcare, Retail, Manufacturing, Oil & Gas and...

Read More

Saudi Arabia Software as a Service (SaaS) Market (2018-2024)

Market Forecast By Deployment (Private Cloud, Public Cloud and Hybrid Cloud), By End Users (Commercial Enterprises, BFSI (Banking, Financial Services and Insurance), Hospitality and Healthcare, Industrial and Manufacturing, Government and Transportation...

Read More

Malaysia Diesel Genset Market (2014-2024)

Market Forecast By KVA Rating (5 - 30 kVA, 30.1 - 75 KVA, 75.1 - 375 kVA, 375.1 - 750 kVA, 750.1 - 1000 kVA and Above 1000 kVA), By Applications (Residential, Hospitality, Commercial (Offices, BFSI & Datacenters), Healthcare, Retail, Manufacturing, Oil & Gas and Power Utilities...

Read More

Myanmar Diesel Genset Market (2018-2024)

Market Forecast By kVA Rating (5kVA - 30kVA, 30.1kVA- 75kVA, 75.1kVA - 375kVA, 375.1kVA - 750kVA, 750.1kVA - 1000kVA and Above 1000kVA), By Applications (Residential, Hospitality, Commercial, Healthcare, Retail, Manufacturing, Oil & Gas and Power Utilities...

Read More

Philippines Diesel Genset Market (2018-2024)

Market Forecast By kVA Rating (5kVA - 30kVA, 30.1kVA - 75kVA, 75.1kVA - 375kVA, 375.1kVA - 750kVA, 750.1kVA - 1000kVA and Above 1000kVA), By Applications (Residential, Hospitality, Commercial, Healthcare, Retail, Manufacturing, Oil & Gas Power Utilities...

Read More


Our Key Clients
6wreserach client list


6Wresearch Events
6wreserach events